Tuition and Financial Aid

The Executive MBA Program is a major investment of both your time and resources. There are a variety of financial aid options available for qualified executive MBA students. We encourage you to carefully consider this investment and discuss your financing options with our Financial Aid Office.

The tuition and fees for the program cover:

Full tuition for the duration of the program (21 months)

All books and course materials

Many snacks or meals during class days

Hotel accommodations for residential sessions not held at your home location (except for North America; see below for details)

Air travel to Chicago, London, and/or Hong Kong is not included.

Payment

Admitted students are required to submit a nonrefundable advance tuition fee in order to secure a seat in the class. Tuition is billed quarterly in equal amounts for seven quarters (the program's duration). This fee is applied toward the first quarter's tuition.

Scholarships

Merit Scholarships

The Executive MBA Program awards a limited number of merit-based scholarships to students who study in Chicago, London and/or Hong Kong. All admitted students are considered based on the strength of their application – no further materials are required. Award decisions are determined by the Admissions Committee and the award amounts may vary. Candidates are evaluated based on a variety of aspects, including:

Professional and academic achievement

Professional and academic goals

Leadership and teamwork experiences

Quality of interview

US Military Yellow Ribbon Program

Chicago Booth is delighted to participate in the Yellow Ribbon Program, an enhancement of the Post 9-11 Veterans Educational Assistance Act of 2008, which allows institutions of higher learning in the United States to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate. Yellow Ribbon awards are not scholarships and are available to all US Military veterans at Chicago Booth who qualify under the VA guidelines. For the 2018-2019 academic year, Chicago Booth will offer $30,000 per year in Yellow Ribbon scholarship support and the VA will provide up to $30,000 in additional funding. The Yellow Ribbon awards are in addition to other VA programs. You can find the application through the University Registrar. For additional information, please contact your campus admissions office.

Click on your campus of interest below for more detailed information on tuition, financial aid, and available loan options. Additionally, we offer select scholarship opportunities specific to your campus location.

North America

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Tuition

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North America – The program fees cover tuition, all books and course materials, some meals, and hotel accommodations for three residential weeks in Chicago, one residential week in London, and one residential week in Hong Kong.

Program fees for the June 2019 class: USD $194,000.

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Financial Aid and Loans

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Student loans for US Citizens and US Permanent Residents

There are three loan programs available to executive MBA students.

Direct Unsubsidized Loan – The Direct Unsubsidized Loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Direct Unsubsidized Loan, which is not credit-based, carries a fixed interest rate and an annual borrowing limit of $20,500.

Direct PLUS Loan – The Direct PLUS Loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Direct PLUS Loan is a credit-based federal loan that can be used to supplement the Direct Unsubsidized Loan. The interest rate is fixed. Students can borrow up to the full cost of attendance (set by the financial aid office) minus all other financial assistance.

Private, credit-based alternative loan – All students can apply for a private, credit-based alternative loan. Students can borrow up to the full cost of attendance (set by the financial aid office) minus all other financial assistance. The terms of private loans are set by the lender.

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Scholarships for Executive MBA Program in North America

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Merit Scholarships

The Executive MBA Program awards a limited number of merit-based scholarships to students who study in Chicago. All admitted students are considered based on the strength of their application – no further materials are required. Award decisions are determined by the Admissions Committee and the award amounts may vary.

75th Anniversary Scholarships

The University of Chicago created the world’s first Executive MBA Program in 1943. During the 2018-19 application year, we will be awarding a limited number of scholarships to exceptional candidates in honor of the 75th anniversary of the program. These scholarships have been donated to the program by Executive MBA program alumni. All admitted students will be considered based on the strength of their application and no further materials are required.

Eligibility:

All candidates who apply by February 1, 2019 will be considered for this scholarship. There is no separate application required.

Europe, Middle East, and Africa

Europe – The program fees cover tuition, all books and course materials, some meals, and hotel accommodations for three residential weeks in Chicago and one residential week in Hong Kong.

Program fees for the June 2019 class: USD $167,000.

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Financial Aid and Loans

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Chicago Booth does not have a loan program for non-US citizens/non-US permanent residents. We encourage students to learn more about funding sources in their home countries. Please note that this list is not official or comprehensive and that these sources are not affiliated with Chicago Booth.

Chicago Booth has seen students in our London program borrow from Prodigy Finance. You can check with Prodigy to determine if you're eligible for a loan. Please note that Prodigy Finance is an independent financial institution and Booth is not endorsing them as a partner or lender.

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Scholarships for Executive MBA Program in EMEA

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There are a number of scholarships available to Executive MBA students who study in London:

The aim of this scholarship is to support high-potential female students in the Executive MBA- London program. Candidates will be evaluated on a number of criteria including:

Prior educational achievements

Professional background and leadership experience

Future professional goals

Future potential for the highest levels of leadership

Expected contribution to the class and program

Eligibility:

All candidates who fit the criteria above and are accepted to the Executive MBA Program in London by February 1, 2019 will be automatically considered for this scholarship. There is no separate scholarship application required.

The aim of this scholarship is to support high-potential leaders from underrepresented groups (based on industry, citizenship, background or a combination of these) in the Executive MBA-London Program. Candidates will be considered for this award based on the following criteria:

Professional experience in the non-profit, education, NGO, public sectors or military

Citizens of emerging and/or developing economies who demonstrate a commitment to continue working in those countries

Eligibility:

All candidates who fit the criteria above and are accepted to the Executive MBA Program in London by February 1, 2019 will be automatically considered for this scholarship. There is no separate scholarship application required.

75th Anniversary Scholarships

The University of Chicago created the world’s first Executive MBA Program in 1943. During the 2018-19 application year, we will be awarding a limited number of scholarships to exceptional candidates in honor of the 75th anniversary of the program. These scholarships have been donated to the program by Executive MBA program alumni. All admitted students will be considered based on the strength of their application and no further materials are required.

Eligibility:

All candidates who are admitted by February 1, 2019 will be considered for this scholarship. There is no separate application required.

Asia

Asia – The program fees cover tuition, all books and course materials, some meals, and hotel accommodations for three residential weeks in Chicago and one residential week in London.

Program fees for the June 2019 class: HKD 1,355,000.

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Financial Aid and Loans

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Chicago Booth does not have a loan program for non-US citizens/non-US permanent residents. We encourage students to learn more about funding sources in their home countries. Please note that this list is not official or comprehensive and that these sources are not affiliated with Chicago Booth.

Chicago Booth has seen students in our Hong Kong program borrow from Prodigy Finance. You can check with Prodigy to determine if you're eligible for a loan. Please note that Prodigy Finance is an independent financial institution and Booth is not endorsing them as a partner or lender.

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Scholarships for Executive MBA Program in Hong Kong

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There are a number of scholarships available to Executive MBA students who study in Hong Kong:

The Hong Kong Jockey Club Chicago Booth Executive MBA Scholarship

The Hong Kong Jockey Club is offering a scholarship for students who are working at the social service sector to study in our Executive MBA program in Hong Kong. If you are interested in applying for the scholarship, please review the scholarship details here and submit all the required documents together with your completed Executive MBA Program online Application Form. If you have any questions, please reach out to the admissions team via email at asia.inquiries@chicagobooth.edu or call (852) 2533-9500 for assistance.

Applicants will only receive a scholarship award once their application has been completed and submitted, and they have been formally accepted to the Executive MBA Program.

Scholarship Value: Full tuition

Deadline for the Hong Kong Jockey Club Chicago Booth Executive MBA Scholarship application is February 1, 2019. Your Chicago Booth Admissions application must also be completed by this date.

Chicago Booth Executive MBA Scholarship

The aim of this scholarship is to support high-potential leaders from underrepresented groups (based on industry, citizenship, background or a combination of these) in the Executive MBA-Hong Kong Program. Candidates will be considered for this award based on meeting one or more of the following criteria:

Professional experience in the non-profit, education, NGO and public sectors or military

Citizens of emerging and/or developing economies who demonstrate a commitment to continue working in those countries

Underrepresented minority (e.g. Female)

Eligibility:

Candidates who fit the criteria above may submit a scholarship essay by April 1, 2019with their completed application to be considered for this award.

Jhunjhunwala Family Executive MBA Scholarship

Funded by an alumnus of the Executive MBA Program Asia, Mr. Abhinav Jhunjhunwala, ’14, the Jhunjhunwala Family Executive MBA Scholarship will support aspiring leaders to pursue an Executive MBA program at the Chicago Booth Hong Kong campus. Candidates will be considered for this award based on meeting one or more of the following criteria:

Professional experience in the non-profit, education, NGO and public sectors or military

Citizens of emerging and/or developing economies who demonstrate a commitment to continue working in those countries

Underrepresented minority (e.g. Female)

Eligibility:

Candidates who fit the criteria above should submit a scholarship essay with their completed application by April 1, 2019 to be considered for this award.

75th Anniversary Scholarships

The University of Chicago created the world’s first Executive MBA Program in 1943. During the 2018-19 application year, we will be awarding a limited number of scholarships to exceptional candidates in honor of the 75th anniversary of the program. These scholarships have been donated to the program by Executive MBA program alumni. All admitted students will be considered based on the strength of their application and no further materials are required.